Vi shares jump over 9% on BSE amid fundraise buzz
BSE after ET reported that the telco is close to
tying up its much-delayed equity funding that could set in motion an accelerated Rs 65,000-crore capex plan over four years to turn around the loss-making company.
ET reported in its August 25 edition that Moondra had informed the Department of Telecommunications (DoT) that the telco has term sheets from several potential investors.
The Vi CEO, in an August 8 letter, also told the DoT that one of these potential investors would seek a meeting with the authorities to get assurances on continuing government support for the cash-strapped operator.
Copies of the letter, seen by ET, were marked to communications minister Ashwini Vaishnaw, finance minister Nirmala Sitharaman and the PMO.
A senior government official too has said Vi’s fundraising is imminent and could be finalised in the next seven to 10 days.
The government holds 33.1% in the company in which UK’s Vodafone Group owns 32.3% and India’s diversified Aditya Birla Group holds 18.1%.
